The searches, known as ‘soft searches’, do not leave a footprint on your file or affect your credit rating. This part of the process is to protect you.

For sole proprietorships or partnerships, a full credit search will be required by the funder in order for the transaction to be formally credit-approved. These searches are recorded on your credit report and can be seen by other funders.

For limited companies and LLPs trading less than three years, full credit searches on the directors may be required for the transaction to be formally credit-approved. These searches are recorded on your credit report and can be seen by other lenders.

How do you verify my identity?

Once the deal is credit-approved and you have decided that you want to proceed, we will ask you to provide an electronic copy of your passport or photo driving licence to evidence your identity.

Your identity is then checked electronically through our verification process without the need for us to visit you.

What about security?

Your security is paramount to us. We use various credit data reference agencies to verify your residency and identity to protect you from any potential fraudulent activity.

Once the deal is credit-approved and you have decided that you want to proceed, we will ask you to provide an electronic copy of your passport or photo driving licence to evidence your identity.

Your identity is then checked through our verification process without the need for us to visit you.

Copies of your identification are not stored on the website platform but are stored on a secure server.

How is Asset Finance Compared different from other websites?

We assess everything through the platform to deliver an instant Decision in Principle in 60 seconds.

We won’t redirect you to elsewhere to go through the process again, or say we’ll get in touch with you to provide a quote at a later date.

Once you’re happy to proceed with the quote and you’ve accepted the terms and conditions, we handle everything in-house.

It can all be handled online, but you also have the option to speak to a member of the team at any time.

And if you’re a start-up or business in the early stages of trading, we can still issue an instant quote.

www.assetfinancecompared.co.uk is a website which analyses the information entered and undertakes various checks and references to data and then compares a wide panel of funders before issuing a single quote on an automated basis. Asset Finance Compared is a trading name of Midlands Asset Finance Limited who are authorised and regulated by the Financial Conduct Authority under firm reference number 630764. Midlands Asset Finance Limited are a broker and not a lender and offer credit facilities from a panel of lenders.